Approximately ____ percent of U.S. adults who use the Internet are active on Facebook.
A. 60
B. 70
C. 80
D. 50
E. 40
Answer: B. 70
Explanation: 71% of internet users in the USA also use Facebook. Out of all the social media, Facebook is majorly used by all internet users. Others use LinkedIn, Pinterest, Instagram, and Twitter. The reason for Facebook being popular is its ease of use and it helps them to stay connected, continued innovation, etc.
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A decrease in the equilibrium quantity for a product will result
A) when there is an increase in supply and a decrease in demand for the product. B) when there is a decrease in supply and a decrease in demand for the product. C) when the quantity demanded for the product exceeds the quantity supplied. D) when there is a decrease in demand and an increase in the number of firms producing the product.
When one applies the Heckscher-Ohlin model of trade to the issue of trade-related income redistributions, one must conclude that North South trade, such as U.S.-Mexico trade
A) must help low skill workers on both sides of the border. B) is likely to hurt high-skilled workers in the U.S. C) is likely to hurt low-skilled workers in the U.S. D) is likely to hurt low-skilled workers in Mexico. E) is likely to help highly skilled workers in Mexico.
How does an increase in the price of laptop memory chips affect the market of laptops?
a. The demand curve for laptops shifts to the right b. The demand curve for laptops shifts to the left c. The supply curve for laptops shifts to the right d. The supply curve for laptops shifts to the left
The most important determinant of a household's consumption spending is:
a. its disposable income b. the in-kind transfers received by the household. c. the level of education of the members of the household. d. the interest rate. e. the ratio of wage to non-wage income of the household.